Loan Accounting and Servicing Workshops and e-Learning for DMCs (ADB-50398-001)

Regions
  • East Asia and Pacific
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Armenia
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 26, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.23 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 27, 2019

Disclosed by Bank Nov 9, 2017


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Project Description

According to ADB website, DMC governments and EAs expressed concern on high turnover of the government officials dealing with ADB loan accountings and requested training for loan accounting and billing procedure. Borrowers/EAs also expressed limited or outdated knowledge on ADB's loan terms, features and accounting and servicing practices, which result in improper accounting records for ADB loans. The TA will have 15-17 workshops for an estimated 450-500 participants. Target participants will be finance and accounting staff of borrowers/EAs, mainly from ministry of finance, central bank, other related central government offices and EAs of new ADB projects.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agency: Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main